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15 Lake Dr N Georgina, Ontario L4P 1A1

18 Bathroom
Fully Air Conditioned Baseboard Heaters

$6,600,000

The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land with 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, 2 Units Have Been Fully Updated, Work Has Started On Another 6 Units, New Drive Way & Parkings Being Paved. Panoramic View of Lake Simcoe, Over 90% Occupancy, Currently Tailored To Mostly Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition.**** EXTRAS **** All Existing Appliances and Fixtures, Guests' Belongings Excluded. (id:52710)

Property Details

MLS® Number N6152396
Property Type Business
Neigbourhood Keswick
Community Name Historic Lakeshore Communities

Building

Bathroom Total 18
Cooling Type Fully Air Conditioned
Heating Type Baseboard Heaters
Utility Water Municipal Water

Land

Acreage No
Size Irregular Bldg=175.07 X 268.17 Ft ; Irregular
Size Total Text Bldg=175.07 X 268.17 Ft ; Irregular

https://www.realtor.ca/real-estate/25715275/15-lake-dr-n-georgina-historic-lakeshore-communities

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